Name

Children's Savings Plan

Category

Description

Your children are very important to you. However, there may be times when you are not able to fulfil their requirements. Now, with a Children's Savings Plan from HSBC, you can save for your child's future. Offering exclusive benefits catered towards your child, this savings plan is a perfect fit to your lifestyle.

Benefit

* Attractive interest rates
* No sign-up fee
* No penalty for missed instalment
* Can be purchased in multiple units
* BDT500 gift voucher/unit each year if all 12 monthly instalments are deposited on time in that year
* BDT400 gift voucher/unit each year if at least 10 monthly instalments are deposited on time in that year

Minimum Installment

monthly deposits of BDT5,000 (1 unit)

Initial Deposit

Initial deposit of BDT10,000

Maturity Period

Any tenure up to the child being 18 years of age

Eligibility

Parents with child/children below 18 years of age can open children's savings plan

Conditions

* Bank reserves the right to close the plan if the customer misses 3 consecutive instalments.
* If the plan is closed within one year, customers will get the deposited amount only and no interest will be paid for the plan.
* If the plan is c

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